Fantasy author raises $15.4 million in 24 hours to self-publish

The First Art Newspaper on the Net    Established in 1996 Wednesday, May 22, 2024


Fantasy author raises $15.4 million in 24 hours to self-publish
The author Brandon Sanderson looks through his book “The Way of Kings,” at home in American Fork, Utah, March 2, 2022. Sanderson, a prolific sci-fi and fantasy author, started an online fund-raising campaign this week to self-publish four of the novels he wrote during the pandemic — in 24 hours, he raised $15.4 million. Niki Chan Wylie/The New York Times.

by Elizabeth A. Harris



NEW YORK, NY.- Brandon Sanderson, a prolific sci-fi and fantasy author, started an online fundraising campaign this week to self-publish four of the novels he wrote during the pandemic. His goal: to raise $1 million in 30 days.

He blew past the first million in about 35 minutes. And the ticker kept rising.

In 24 hours, he raised $15.4 million, which the fundraising website Kickstarter said was the single most successful day of any of their campaigns. By Thursday, two days into it, he had raised more than $19 million.

The eye-popping sum raises questions about what is possible for authors with major platforms who are willing to self-publish — and why the vast majority of big names stick with traditional routes to publication. But analysts, and even Sanderson himself, don’t see this kind of self-publishing as a problem for the industry or a desirable choice for most writers. Rather, for the right author, the two paths can coexist and help expand options for readers.

“Publishers need authors to be entrepreneurs these days,” said Kristen McLean, executive director of business development at NPD Books, which tracks book sales. “This is just going to build his profile and continue to drive the backlist sales of all of his books.”

Part of why this project has worked for Sanderson, McLean said, is his unique relationship with his fans. He has sold 20 million print, audio and e-books, Sanderson said, including titles such as “Rhythm of War,” an epic fantasy novel about a coalition of humans resisting an enemy invasion. Like many authors of science fiction and fantasy, he has spent a lot of time in conventions and interacting with his audience. In 2019, he said, he was on the road for 111 days.

But self-publishing on the scale Sanderson is proposing is an enormously complicated proposition. Fundamentally, most authors want to write books, not run a publishing house.

Books require editors, designers and lawyers. Someone has to register the ISBN number and file for copyright. Someone else has to proofread the manuscript, then proofread it again. Printing thousands of copies of physical books, then storing and distributing them, is expensive and onerous.

To that end, Sanderson has built a company, Dragonsteel Entertainment, which employs 30 people including a marketing director, concept artist, continuity editor and human resources director. He also has a warehouse in Pleasant Grove, Utah, a short drive from his house.

Sanderson has been self-publishing e-books since the early 2010s, he said, and a 2020 Kickstarter campaign to fund a leather-bound reprint of one of his books served as a test run for this larger project.

“I am an artist who was raised by an accountant and a businessman,” Sanderson said in a phone interview from his office in American Fork, Utah. “For a lot of authors, this would be a bad idea because there’s a lot of management.”




Sanderson emphasized that he was not leaving traditional publishers, in part because he wants to be sure that bookstores can continue to have his work in stock. He is published by Tor, which is part of Macmillan Publishers, and Delacorte Press, an imprint of Penguin Random House, and he has a book scheduled for publication later this year with each of them.

He also has no plans to use his company to publish other authors, he said. What makes him successful is his ability to appeal directly to his own fans, who may not necessarily want to buy work by somebody else.

One of his goals for this project, Sanderson said, was to experiment. First, he wanted to see what it might look like to poke a little hole in Amazon’s dominance. Amazon sells more than half the printed books in the United States, but it is even more powerful in e-books and audiobooks, which account for 80% of Sanderson’s sales, he said.

“If Amazon’s grip on the industry is weakened, that’s good for the publishers — they are very much under Amazon’s thumb right now,” Sanderson said. “I don’t want to present this as ‘Brandon versus Amazon.’ Amazon’s great. But I think that in the long run, Amazon being a monopoly is actually bad for Amazon. If they don’t have competition, they will stop innovating.”

He also wanted to play around with bundling and upselling. Traditional publishers, he said, offer few products and few options. The array of packages on Kickstarter range from $40 for four e-books to $500 for the four books in all formats, plus eight boxes of “swag.”

“What I can do with the Kickstarter,” he said, “is I can say, ‘Hey, if you really want to have more, we will give you more.' ”

Other high-profile writers occasionally self-publish. Donald Trump Jr. took that route with his second book, “Liberal Privilege,” after releasing his first book, “Triggered,” with an imprint of Hachette. Colleen Hoover, a novelist who has three books on the New York Times bestseller list this week, continued to self-publish long after she became a hit maker. And there are certain genres, like romance, science fiction or fantasy, where self-publishing e-books remains common for signed authors.

“There’s a lot of hybrid publishing out there that is just happening quietly in the background,” McLean said. “It’s just the way sophisticated authors in genres manage their business.”

Some subgenres are so niche that it may not make sense to release them in the mass market, McLean added. “If you’re known for a romance series between a guy and a robot on some planet, that’s so specific that it might just be something you publish to your fans.”

Sanderson’s intention, he said, was exactly that: to create more options, for readers and for writer.

“My goal in all of this,” Sanderson said, “is to see what’s possible.”

This article originally appeared in The New York Times.










Today's News

March 5, 2022

The Outsider Art Fair returns, in top form

Barbican Art Gallery opens 'Postwar Modern: New Art in Britain 1945-1965'

Thaddaeus Ropac opens an exhibition of works by Austrian artist Erwin Wurm

Nationalmuseum acquires works by women sculptors

The fight over 'Maus' is part of a bigger cultural battle in Tennessee

Exhibition of new work by Thomas Struth opens at Galerie Max Hetzler

Foam opens an exhibition of works by Karolina Wojtas

Concord Museum opens the first and most comprehensive exhibition on William Brewster

Western Australia and International Artists share in major awards at Sculpture by the Sea

In a run-down Roman villa, a princess from Texas awaits her next act

South Street Seaport Museum announces expanded digital galleries in collections online portal

Almine Rech opens Italian artist Gioele Amaro's first solo show at the gallery

Free/State unlocks new realms and delivers messages of resilience in a Biennial for our times

Joni James, heartfelt chanteuse of the 1950s, dies at 91

Charlie Sheen's former baseball card will raise millions for Boys & Girls Club

Laumeier Sculpture Park honors Missouri lives lost due to COVID-19 with Rose River Memorial installation

Farrah Forke, who played a helicopter pilot on 'Wings,' dies at 54

Alan Ladd Jr., hitmaking film executive, dies at 84

Fantasy author raises $15.4 million in 24 hours to self-publish

Jane Lombard Gallery opens a group exhibition curated by Joseph R. Wolin

Three Football Surprises For The Second Half Of The Season

The Impact of Vincent Van Gogh on Dutch Art

Paint Brushes: The Ultimate Guide To Choose The Right One




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

sa gaming free credit
Attorneys
Truck Accident Attorneys
Accident Attorneys

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful